Categories AlphaGraphs, Consumer, Earnings

A visual representation of Philip Morris International (PM) Q1 2020 earnings results

Philip Morris International Inc. (NYSE: PM) reported its financial results for the quarter ended March 31, 2020 today.

Philip Morris reported a 35% jump in earnings for the first quarter of 2020 due to higher revenue. Total IQOS users at quarter-end estimated at about 14.6 million, of which about 10.6 million have stopped smoking and switched to IQOS. The company expects that the pandemic will have adverse impacts on its full-year 2020 business results.

Philip Morris International (PM) Q1 2020 earnings review

Given the inherent uncertainty surrounding the COVID-19 pandemic and the related impact on PMI’s business globally, the company is currently unable to forecast its full-year financial results with reasonable accuracy. Therefore, the company is withdrawing its earnings guidance for fiscal 2020. The company sees second-quarter EPS in the range of $1.00-1.10, including the unfavorable currency impact.

Past Performance

Most Popular

Key highlights from Adobe (ADBE) Q2 2021 earnings results

Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,

Three factors that bode well for Delta Air Lines (DAL) going forward

Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like

KR Earnings: All you need to know about Kroger Q1 2021 earnings results

The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top